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Home / Author Archives: M. Faizan

Author Archives: M. Faizan

Smuggled Saudi currency of Rs4.496m confiscated on Torkham Border

turkey-currency

TORKHAM: The Torkham Station, Model Customs Collectorate Peshawar, has foiled an attempt of smuggling a big amount of currency from Pakistan into Afghanistan on Torkham border with the help of political Khasa Dar Force and seized 160,000 Saudi Riyals equivalent to Pakistani currency of Rs4.496million. One person named Khalil Ullah son of Farid Ullah, a resident of Landi Kotal, has ... Read More »

‘Reward and Honorarium’ amount released for FBR officials

ishaqdar

ISLAMABAD: On the instructions of Federal Finance Minister Senator Mohammad Ishaq Dar, the Finance Division has released a huge amount to the Federal Board of Revenue under the head of ‘Reward and Honorarium’ for its officers and employees. Chairman FBR Dr. Muhammad Irshad has congratulated all the officers and employees and said it is the right of those officers and ... Read More »

US to provide additional Rs 19 billion for economic prosperity

Pak-US

ISLAMABAD: The United States is providing an additional Rs 19 billion to create economic opportunities and pursue economic and political reforms that promote prosperity in Pakistan. Sources told Customs Today that the additional funds will be used for development of Pakistan through an amendment to the Pakistan Enhanced Partnership Agreement signed recently by the US Agency for International Development (USAID) ... Read More »

Torkham Station seizes 2.224kg gold bars valued Rs12.25m

goldsmuggling

ISLAMABAD: The Customs Station Torkham has confiscated foreign origin four gold slabs weighed 2.224 kilogram valued Rs12.25million including duty and taxes. Mohammad Noman son of Zareef Khan was carrying fresh apples in a shopper while coming from Afghanistan through Customs Station Torkham. During an examination of the baggage at the checking in scanning hall, NLC Terminal, the customs staff recovered ... Read More »

We are delivering justice without any bias: Ihsan Ali

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ISLAMABAD: Collector Customs Adjudication Islamabad Ihsan Ali Shah has said we are not revenue collectors, our duty is to provide justice to everyone without discrimination and we are doing it well. The Adjudication Department needs more resources including staff for excellent performance. Though adjudication collectorate part of the Federal Board of Revenue yet we decide cases impartially and on merit. ... Read More »

FC officer impounds Pak-Afghan currencies & vehicle valued Rs10.322m

fake-currencies

ISLAMABAD: Using the powers of Pakistan Customs under the Customs Act 1969, Anti-Smuggling Officer of Headquarters Frontier Corps Major Taimoor Sultan, Qila Balahisar, Khyber Pakhtunkhawa Peshawar, has impounded a vehicle and Pakistani and Afghan currencies of Rs10.322million. The anti-smuggling officer received a tip-off that Pakistani currency would be smuggled into Afghanistan on the Toyota pickup with registration No: PAG-493. The ... Read More »

Show cause notice to M/s Friends Traders on Sales Tax evasion

Notice

ISLAMABAD: Collector Customs Adjudication Ihsan Ali Shah has issued a show cause notice to M/s Friends Traders Rawalpindi on the Sales Tax evasion. The Directorate General Audit Customs has observed that for the year 2013-14 that M/s Friends Traders, office No.1 and 2nd Floor Shainghai Plaza, College Road, Rawalpindi, imported finished goods of leather, textile, carpets, sports and surgical goods ... Read More »

Rawalpindi Directorate performs brilliantly under guidance of Shukat & Irfan: Afzal

Photo Afzal Watto

ISLAMABAD: Deputy Director Directorate General of Customs Intelligence and Investigation, Federal Board of Revenue Rawalpindi, Afzal Watto, has said the Rawalpindi Directorate has showed tremendous performance under the guidance of Director General Shukat Ali and Director Irfan-ur-Rehman during the whole current financial year, especially in May 2017, for which credit goes to all the officers and staff of the directorate. ... Read More »

Haroon, Irshad to visit Karachi to review revenue collection measures

Haroon Dr Irshad

ISLAMABAD: Chairman Federal Board of Revenue Dr Muhammad Irshad will leave for Karachi on Thursday evening (15th June) for two days. It is expected that Special Assistant to Prime Minister on Revenue Haroon Akhtar and Member Operation Rehmat Ullah Khan Wazir and Member Customs Zahid Khokhar will also accompany with him during the visit. According to the FBR sources, the ... Read More »

NA approves Federal Budget of FY2017-18 amounting to Rs4.75 trillion

dar

ISLAMABAD: National Assembly has approved the Federal Budget for financial year 2017-18 Rs. 4.75 trillion on Tuesday in the absence of members of the opposition. This is the first time that a finance bill has been passed in Pakistan without the inclusion of the opposition in the assembly. Since the opposition was not present during the proceedings, all cut motions ... Read More »

Agreement on Electronic Data Interchange with Chinese customs soon to be finalized: FBR

Dr Irshad

ISLAMABAD: The Federal Board of Revenue (FBR) has expressed concerns over the slow progress of agreement between Pakistan and China on Electronic Data Interchange (EDI). Sources told Customs Today that there is a huge difference in figures reveled by Chinese Customs on its exports to Pakistan and the Pakistani import data from China allegedly due to under invoicing, causing revenue ... Read More »

FBR should simplify tax system to promote tax culture: President ICCI Khalid Iqbal Malik

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ISLAMABAD: President  Islamabad Chamber of Commerce and Industry Khalid Iqbal Malik has said that though the present government is making efforts to stimulate commercial activities, but still a lot has to be done to improve business-friendly environment. High tax rates and a large number of taxes in Pakistan are putting much burden on common man and reducing his purchasing power ... Read More »

Islamabad car cell impounds vehicle valued Rs6.5m

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ISLAMABAD: The Special Car Cell Islamabad has impounded a non-duty-paid smuggled Toyota Mark II Grande car worth Rs6.5million. On a tip-off that a smuggled Toyota Mark II car with registration No: AJR-500 Sindh, Modelled 2000 (2491 CC), is parked at Waqar Auto Workshop at G-9 Markaz Islamabad. The staff of the car cell rushed to the spot and found the ... Read More »

Islamabad customs adjudication orders seizure of imported NDP auto-parts

court

ISLAMABAD: Deputy Collector Customs Adjudication Islamabad Dr. Wajid Ali has ordered confiscation of non-duty-paid smuggled new and old auto parts. The seizure was made by the Customs Preventive Division MCC Islamabad. The offending vehicle Suzuki pickup was released against the fine of 20 percent value of the vehicle with a warning that if found involved in such activity again then ... Read More »

FBR earns Rs1810m thru 65,454 transactions under Section 236W during six months

tax revenue

ISLAMABAD: The Federal Board of Revenue has collected Rs1810million revenue through 65,454 transactions under Section 236W during six months of the current Financial Year December 2016 to till 4th of June 2017 under the head of advance income tax at the rate of three percent of the amount difference between the immovable and movable properties notified by the board and ... Read More »

Customs Intelligence seizes 760 non duty paid mobile phones from Naran Road

Shaukat Ali

ISLAMABAD: Directorate General Customs Intelligence and Investigations seized 760 non-duty paid mobile phones worth Rs 15 million last week. According to sources, on the directions of Director General Customs Intelligence and Investigations Shaukat Ali, an operation was launched against smugglers after receiving information that mobile phone smuggling was increasing day by day through Sust border. Following the instructions from the ... Read More »

FBR sends arrest warrants of model Ayyan Ali to Customs for enforcement

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ISLAMABAD: The Federal Board of Revenue (FBR) has sent arrest warrants for modal Ayyan Ali to the Customs Collectorate for enforcement. The bailable arrest warrants had been issued by judge of the Special Customs Court Rawalpindi. The FBR has directed the customs authorities that the court orders should be executed accordingly. The customs has decided that in case she is ... Read More »

FBR to declare NTN mandatory to start new business

Dr Irshad

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to make National Tax Number (NTN) mandatory to start a business in the country. According to sources, it will not be possible for any individual to start a business without obtaining the national tax number. It is expected that this system will be implemented soon on national level with the cooperation ... Read More »

Special Car Cell impounds smuggled BMW 7-series valued Rs16m

20170602_145620

ISLAMABAD: The Special Car Cell, Directorate General Customs Intelligence and investigation, Federal Board of Revenue Islamabad, has impounded a non-duty-paid smuggled BMW 7-series car worth over Rs16million. The Special Car Cell received a tip-off through an informer that the said non-duty-paid unregistered vehicle modelled 2003 (4500-CC) was impounded by the excise staff Islamabad due to a display of fake registration ... Read More »

Senate Finance Committee finalizes budget proposals

SENATOR SALEEM MANDVIWALLA, CHAIRMAN SENATE STANDING COMMITTEE ON FINANCE, REVENUE, ECONOMIC AFFAIRS, STATISTICS AND PRIVATIZATION PRESIDING OVER A MEETING OF THE COMMITTEE AT PARLIAMENT HOUSE ISLAMABAD ON SEPTEMBER 16, 2016.

ISLAMABAD: The Senate Finance Committee has finalized the budget proposals. The committee’s meeting was chaired by Senator Saleem H. Mandvi at the Parliament House. The committee reviewed the recommendations regarding the budget for Fiscal Year 2017-18. The chairman CNG association told the committee that the government GIDC committee was ordered to deposit Rs12billion but we are ready to pay 30 ... Read More »